Sellers keen to avoid the grand final next weekend are taking their properties to market this Saturday, with 865 properties set to go under the hammer in Melbourne.

Last weekend was also a bumper weekend for auctions with 841 going ahead – the post-election weekend saw Melbourne host the highest number of auctions since Easter.

The good news for sellers is that last weekend’s solid 76 per cent clearance rate is likely to be repeated this weekend.

Again the inner city leads the auction numbers, with 177 homes set to go under the hammer this weekend. This is followed by the inner bayside with 149, the inner east with 136 and the west with 130.

Melbourne’s most popular suburb for auctions on Saturday is East Bentleigh, with 25 properties listed. Brighton and Glen Iris have 17 each, South Yarra 16 and Brunswick and Richmond 15 auctions each.

South Yarra is again the most popular suburb for unit auctions, with 14 listed this weekend, followed by St Kilda with 12 and Melbourne and East Bentleigh with 11 each.

Melbourne’s weekend auction market continues to clear significant numbers of properties despite high listing numbers. With strong competition for properties continuing, more sellers can be expected to take advantage of the strongest market conditions experienced for four years.

The weekend auction market has stepped up a gear over the past month but it will be presented with another solid test this weekend.

Dr Andrew Wilson is senior economist for Australian Property Monitors.

Twitter: @DocAndrewWilson

This story Administrator ready to work first appeared on Nanjing Night Net.

Sellers keen to avoid the grand final next weekend are taking their properties to market this Saturday, with 865 properties set to go under the hammer in Melbourne.

Last weekend was also a bumper weekend for auctions with 841 going ahead – the post-election weekend saw Melbourne host the highest number of auctions since Easter.

The good news for sellers is that last weekend’s solid 76 per cent clearance rate is likely to be repeated this weekend.

Again the inner city leads the auction numbers, with 177 homes set to go under the hammer this weekend. This is followed by the inner bayside with 149, the inner east with 136 and the west with 130.

Melbourne’s most popular suburb for auctions on Saturday is East Bentleigh, with 25 properties listed. Brighton and Glen Iris have 17 each, South Yarra 16 and Brunswick and Richmond 15 auctions each.

South Yarra is again the most popular suburb for unit auctions, with 14 listed this weekend, followed by St Kilda with 12 and Melbourne and East Bentleigh with 11 each.

Melbourne’s weekend auction market continues to clear significant numbers of properties despite high listing numbers. With strong competition for properties continuing, more sellers can be expected to take advantage of the strongest market conditions experienced for four years.

The weekend auction market has stepped up a gear over the past month but it will be presented with another solid test this weekend.

Dr Andrew Wilson is senior economist for Australian Property Monitors.

Twitter: @DocAndrewWilson

This story Administrator ready to work first appeared on Nanjing Night Net.